Factors that Influence Corporate Governance Failures in Malaysia

In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate...

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Main Authors: Tengku Intan Nabilah, Tenku Sulaiman, Nur Syazwani, Ahmad
Format: Conference or Workshop Item
Language:English
Published: Universiti Malaysia Pahang 2017
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf
http://umpir.ump.edu.my/id/eprint/17607/
http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf
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spelling my.ump.umpir.176072017-06-02T02:17:41Z http://umpir.ump.edu.my/id/eprint/17607/ Factors that Influence Corporate Governance Failures in Malaysia Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad HD28 Management. Industrial Management In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate failure in Malaysia. The first part of the paper describes all the relevant facts about the company selected. In this section, will review the corporate scandal happen and factors that leads to corporate failure by using theory of fraud diamond. The second part of the paper explores the recommendation and challenges that are needed to address corporate failure. The recommendations include having the basic fundamentals of a good company culture such as integrity, transparency, accountability which starts from the tone at the top. Organizations need to also review their internal control systems such as strengthening their standard operating procedure and controls to ensure all weaknesses in controls are addressed. Organizations also need to strictly enforce the laws and regulations as well as implement on-going monitoring to ensure that all parties, internal and external comply with the laws and regulations set. Lastly, the paper will share the lessons learned from the two cases examined. Universiti Malaysia Pahang 2017 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf Tengku Intan Nabilah, Tenku Sulaiman and Nur Syazwani, Ahmad (2017) Factors that Influence Corporate Governance Failures in Malaysia. In: Proceedings of the FGIC 1st Conference on Governance & Integrity, 3-4 April 2017 , Yayasan Pahang, Kuantan, Malaysia. pp. 79-93.. ISBN 978-967-2054-37-5 http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf
institution Universiti Malaysia Pahang
building UMP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang
content_source UMP Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Tengku Intan Nabilah, Tenku Sulaiman
Nur Syazwani, Ahmad
Factors that Influence Corporate Governance Failures in Malaysia
description In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate failure in Malaysia. The first part of the paper describes all the relevant facts about the company selected. In this section, will review the corporate scandal happen and factors that leads to corporate failure by using theory of fraud diamond. The second part of the paper explores the recommendation and challenges that are needed to address corporate failure. The recommendations include having the basic fundamentals of a good company culture such as integrity, transparency, accountability which starts from the tone at the top. Organizations need to also review their internal control systems such as strengthening their standard operating procedure and controls to ensure all weaknesses in controls are addressed. Organizations also need to strictly enforce the laws and regulations as well as implement on-going monitoring to ensure that all parties, internal and external comply with the laws and regulations set. Lastly, the paper will share the lessons learned from the two cases examined.
format Conference or Workshop Item
author Tengku Intan Nabilah, Tenku Sulaiman
Nur Syazwani, Ahmad
author_facet Tengku Intan Nabilah, Tenku Sulaiman
Nur Syazwani, Ahmad
author_sort Tengku Intan Nabilah, Tenku Sulaiman
title Factors that Influence Corporate Governance Failures in Malaysia
title_short Factors that Influence Corporate Governance Failures in Malaysia
title_full Factors that Influence Corporate Governance Failures in Malaysia
title_fullStr Factors that Influence Corporate Governance Failures in Malaysia
title_full_unstemmed Factors that Influence Corporate Governance Failures in Malaysia
title_sort factors that influence corporate governance failures in malaysia
publisher Universiti Malaysia Pahang
publishDate 2017
url http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf
http://umpir.ump.edu.my/id/eprint/17607/
http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf
_version_ 1643668226837577728
score 13.211869